Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX – Get Rating) shares were down 3.9% on Monday . The stock traded as low as $18.68 and last traded at $18.88. Approximately 3,197 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 287,131 shares. The stock had previously closed at $19.64.
Crinetics Pharmaceuticals Price Performance
The firm has a 50-day moving average price of $20.33 and a two-hundred day moving average price of $20.11.
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In other news, Director Matthew K. Fust sold 5,700 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $20.96, for a total value of $119,472.00. Following the completion of the sale, the director now directly owns 12,536 shares of the company's stock, valued at $262,754.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Stephen F. Betz sold 4,168 shares of the company's stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $21.01, for a total value of $87,569.68. Following the completion of the transaction, the insider now directly owns 100,598 shares in the company, valued at $2,113,563.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew K. Fust sold 5,700 shares of the company's stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $20.96, for a total value of $119,472.00. Following the completion of the transaction, the director now owns 12,536 shares of the company's stock, valued at $262,754.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,062 shares of company stock valued at $252,770. 5.90% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CRNX. Cubist Systematic Strategies LLC raised its stake in shares of Crinetics Pharmaceuticals by 70.4% in the second quarter. Cubist Systematic Strategies LLC now owns 8,478 shares of the company's stock valued at $158,000 after purchasing an additional 3,503 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of Crinetics Pharmaceuticals by 36.3% in the second quarter. Dupont Capital Management Corp now owns 8,629 shares of the company's stock valued at $161,000 after purchasing an additional 2,297 shares in the last quarter. Group One Trading L.P. raised its stake in shares of Crinetics Pharmaceuticals by 31.6% in the first quarter. Group One Trading L.P. now owns 7,318 shares of the company's stock valued at $161,000 after purchasing an additional 1,759 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Crinetics Pharmaceuticals by 17.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,493 shares of the company's stock worth $164,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in Crinetics Pharmaceuticals during the second quarter worth $188,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.Crinetics Pharmaceuticals Company Profile
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Crinetics Pharmaceuticals, Inc, a clinical stage pharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics for rare endocrine diseases and endocrine-related tumors. Its lead product candidate is Paltusotine, an oral selective nonpeptide somatostatin receptor type 2 agonist that has completed phase III clinical trial for the treatment of acromegaly, as well as completed phase II clinical trial to treat carcinoid syndrome and nonfunctional neuroendocrine tumors (NETs).
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